JPMorgan Raises EM Default Forecast Amid Concerns Over China Contagion Triggered by Country Garden
Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images JPMorgan has revised its global emerging markets corporate high-yield default forecast, citing increasing concerns about contagion in China’s property sector due to the potential default by Country Garden. …